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FAB Islamic Personal Finance

FAB Islamic Personal Finance

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FLAT RATE

2.49%

MONTHLY SALARY

AED 7,000

REDUCING RATE

4.74%

  • High finance amounts - up to AED 5 million
  • 2.49% (equivalent to a reducing rate of 4.74%) p.a
  • Flexible payment period up to 48 months
  • 365 day grace period for first payment

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,000

Fixed Rate

2.49%

Reducing Rate

4.74%

Max Loan Amount

5,000,000

Key Features

  • UAE Nationals:
    • 2.49%* (equivalent to a reducing rate of 5.74%*) per year- With Multi Product Package (with a salary transfer to a FAB Islamic savings account and Islamic credit card)
    • 3.29%* (equivalent to a reducing rate of 6.2%*) per year - With a salary transfer to a FAB Islamic savings account without an Islamic credit card
    • Loan amount upto AED 5 Million
    • 210 days grace period
  • Expats:
    • 2.82%* (equivalent to a reducing rate of 5.34%*) per year- With Multi Product Package (with a salary transfer to a FAB Islamic savings account and Islamic credit card)
    • 3.85%* (equivalent to a reducing rate of 7.2%*) per year - With a salary transfer to a FAB Islamic savings account without an Islamic credit card
    • Loan amount upto AED 2 Million
    • 120 days grace period
    • Comprehensive personal life Takaful coverage
    • Flexible repayment terms of up to 48 months to repay through your FAB account